Indian Oil Marketing Companies Nearing Break-Even on Fuel Prices

Public sector oil marketing companies in India may soon break even on petrol and diesel rates after collectively absorbing losses of over Rs 75,000 crore in the first quarter due to higher crude oil costs.

6 Jul, 13:29 — 6 Jul, 13:29

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Times of IndiaMostly Factual40d ago

Crude oil relief: OMCs may break even on petrol, diesel rates soon; what it means

Public sector refiners have collectively absorbed losses of over Rs 75,000 crore during the first quarter of the current financial year. Since they continue to process higher-cost crude purchased earlier, profitability is expected to remain under pressure during the ongoing quarter.

By TOI BUSINESS DESK

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Indian Oil Marketing Companies Nearing Break-Even on Fuel Prices

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Crude oil relief: OMCs may break even on petrol, diesel rates soon; what it means

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